The Abatement RegisterDentonAgreement 0012321
Texas Chapter 380 / 381 agreement · Denton

United States Cold Storage, LP

Agreement 0012321, filed with the Texas Comptroller by City of Denton.

$26,000,000committed capital investment
$1,067,871grant or incentive
60–75%of City ad valorem taxes abated
December 31, 2027performance deadline
The obligation

What the contract requires.

“by December 31, 2027 (the “Required Completion Date”)”Executed agreement, p. 7
“a combined assessed valuation of the improvements and tangible personal property (excluding inventory, vehicles, and supplies) on the Premises of at least $26,000,000”Executed agreement, p. 7
Statutory clause

This is not a performance remedy.

“if Grantee is convicted of a violation of 8 U.S.C. section 1324a(f) for employing an Undocumented Worker, all grant payments shall be terminated, and Grantee shall repay the amount of all grants with interest of ten percent (10%) per annum”Executed agreement, p. 5

Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.

Abatement schedule · City ad valorem taxes · p. 6

What was abated, and for how long.

60%8 years
75%up to a maximum of Eighty Five Thousand Nine Hundred and One dollars ($85,901.00)

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyCity of Dentonthe City of Denton (“City”), a Texas home-rule municipal corporation, located at 215 E. McKinney St., Denton, Texas3
Contracting entityUnited States Cold Storage, LPBETWEEN THE CITY OF DENTON AND UNITED STATES COLD STORAGE, LP1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development AgreementThis Economic Development Agreement (this “Agreement”)3
Governing chapterChapter 380, Local Government Code25-914 AN ORDINANCE OF THE CITY OF DENTON APPROVING AN ECONOMIC DEVELOPMENT AGREEMENT UNDER CHAPTER 380 OF THE LOCAL GOVERNMENT CODE TO PROMOTE ECONOMIC DEVELOPMENT AND TO STIMULATE BUSINESS ACTIVITY AND ECONOMIC GROWTH OF THE CITY OF DENTON, BETWEEN THE CITY OF DENTON AND UNITED STATES COLD STORAGE, LP, REGARDING THE EXPANSION OF OPERATIONS AND INCREASE IN THE NUMBER OF JOBS IN THE CITY OF DENTON—
Capital investment$26,000,000a combined assessed valuation of the improvements and tangible personal property (excluding inventory, vehicles, and supplies) on the Premises of at least $26,000,0007
Grant or incentive$1,067,871AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR IN AN AMOUNT NOT-TO-EXCEED $1,067,8711
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage100,000 square footincluding the approximately 100,000 square foot expansion of the current manufacturing facility4
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2027by December 31, 2027 (the “Required Completion Date”)7
ExpirationDecember 31, 2035This Agreement will terminate on the earlier to occur of December 31, 2035 or the date of termination for default in accordance with Article VI.13
Effective datethe day of , 2025EXECUTED and effective as of the day of , 202513
SignatoryErica MathewsAttn: Erica Mathews12
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0012321 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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